Malaysia GDP Annual Growth Rate

The Malaysian economy expanded 4.4 percent year-on-year in the third quarter of 2018, following a 4.5 percent expansion in the previous three-month period and below market consensus of 4.6 percent. It was the weakest growth rate since the third quarter of 2016, as net external demand contributed negatively to GDP growth, while investment, private consumption, and government spending continued to rise at a solid pace. GDP Annual Growth Rate in Malaysia averaged 4.80 percent from 2000 until 2018, reaching an all time high of 10.30 percent in the first quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009.

GDP Annual Growth Rate in Malaysia is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Malaysia to stand at 4.60 in 12 months time. In the long-term, the Malaysia GDP Annual Growth Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

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Malaysia Q3 GDP Growth Weakest in 2 Years

The Malaysian economy expanded 4.4 percent year-on-year in the third quarter of 2018, following a 4.5 percent expansion in the previous three-month period and below market consensus of 4.6 percent. It was the weakest growth rate since the third quarter of 2016, as net external demand contributed negatively to GDP growth, while investment, private consumption, and government spending continued to rise at a solid pace.

In the third quarter, exports went down by 0.8 percent, reversing a 2.0 percent rise in the June quarter. Imports edged up 0.1 percent, slowing from a 2.1 percent rise in the previous three months.

Private expenditure increased by 9.0 percent, following a 8.0 percent advance in the previous period, driven by higher consumption of food & beverages, communication, and transport and restaurants & hotels. Also, gross fixed capital formation grew 3.2 percent, faster than a 2.2 percent expansion in the preceding quarter, mainly due to a rise in machinery & equipment investment; and government spending went up 5.2 percent, faster than a 3.1 percent increase in the prior three months.

On the production side, growth slowed for construction (4.6 percent vs 4.7 percent in Q2). Additionally, the mining & quarrying sector contracted more than in a quarter earlier (-4.6 percent vs -2.2 percent) and the agriculture sector continued to shrink (-1.4 percent vs -2.5 percent). On the positive note, services output expanded by 7.2 percent, compared to a 6.5 percent growth in the second quarter and manufacturing output also grew faster (5.0 percent vs 4.9 percent).

On a quarter-on-quarter seasonally-adjusted basis, the GDP advanced by 1.6 percent in the third quarter, the strongest grew since the third quarter of 2017.

Moving forward, economic growth is estimated to remain on a steady growth path in 2018, driven mainly by domestic demand amid the reprioritization of public sector expenditure. Meanwhile, a gradual recovery in commodity production will also provide support to GDP growth going into 2019.

Headline inflation is expected to rise mainly due to higher oil prices and following the impact of consumption tax policy in 2019.

Malaysia Q2 GDP Growth Weakest in 1-1/2 Years
The Malaysian economy grew 4.5 percent year-on-year in the second quarter of 2018, following a 5.4 percent expansion in the previous three-month period and missing market consensus of 5.2 percent. It was the weakest growth rate since the fourth quarter of 2016, as net external demand contributed negatively to GDP growth, while private consumption, investment, and government spending continued to increase at a solid pace.Published on 2018-08-17

Malaysia Q1 GDP Growth Weakest in 5 Quarters
The Malaysian economy advanced 5.4 percent year-on-year in the March quarter of 2018, compared to a 5.9 percent growth in the previous three months and below market consensus of a 5.5 percent expansion.It was the weakest growth since the fourth quarter 2016, as private consumption, investment, exports, and government spending increased at softer paces. Published on 2018-05-17

Malaysia GDP Growth Slows to 5.9% in Q4
The Malaysian economy advanced 5.9 percent year-on-year in the December quarter of 2017, compared to a 6.2 percent growth in the previous three months and beating market consensus of a 5.7 percent expansion. Private consumption, investment, and exports increased at softer paces while government spending accelerated. For full 2017, the economy grew 5.9 percent, the most in three years.Published on 2018-02-14

Malaysia Q3 GDP Growth Strongest In Over 3 Years
The Malaysian economy advanced 6.2 percent year-on-year in the September quarter of 2017, compared to a 5.8 percent growth in the previous three months and beating market consensus of a 5.4 percent expansion. It was the strongest growth since the June quarter 2014, boosted by robust private consumption and faster rises in government spending, investment and exports.
Published on 2017-11-17

Malaysia GDP Annual Growth Rate

Malaysia is a developing economy in Asia which, in recent years, has successfully transformed from an exporter of raw materials into a diversified economy. The largest sector of the economy is services, accounting for around 54 percent of GDP. Manufacturing sector has been growing in recent years and now accounts for 25 percent of GDP and more than 60 percent of total exports. Mining and quarrying constitutes 9 percent of GDP and agriculture 9 percent. This page provides - Malaysia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.